Stock Name: Kep Corp
Company Name: KEPPEL CORPORATION LIMITED
Research House: DMG
As of 11:43 a.m., Keppel shares were traded 3.4% higher at $11.60 with close to 6.4 million shares traded. It rose as much as 3.7% earlier.
Company Name: KEPPEL CORPORATION LIMITED
Research House: DMG
Shares of Keppel Corp (KPLM.SI), the world’s largest rig builder, rose more than 3% on Wednesday after the company signed a deal for two drilling rigs worth close to US$1.2 billion ($1.54 billion).
The order was from Danish shipping and oil group A.P. Moller-Maersk.
The order was from Danish shipping and oil group A.P. Moller-Maersk.
As of 11:43 a.m., Keppel shares were traded 3.4% higher at $11.60 with close to 6.4 million shares traded. It rose as much as 3.7% earlier.
Singapore-based brokerage house DMG & Partners raised the target price for Keppel to $13.94 from $13.00 and maintained its buy rating following the announcement of the deal.
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